Item 5.02(b) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 2, 2022, Howard Rosen, Chief Accounting Officer of Open Text Corporation (OpenText or the Company) retired from the Company and his position as principal accounting officer, effective December 15, 2022. Mr. Rosen will remain with the Company through December 15, 2022 to ensure a smooth transition.

The Company has appointed OpenText finance executive veteran, Cosmin Balota, 48, as its principal accounting officer to serve in the position of Senior Vice President and Chief Accounting Officer, effective as of December 15, 2022. Mr. Balota has served in increasingly senior accounting roles within the Company from January 2019 to present, including most recently as Vice President, Accounting & Reporting. Previously, Mr. Balota has over 25 years of U.S., Canadian and international accounting experience, including holding senior finance and accounting positions with Enercare Inc., Expedia Group, The Globe and Mail, and Deloitte. Mr. Balota is a Chartered Professional Accountant (CPA) and Chartered Accountant (CA) in Canada and holds a Bachelor of Arts degree in Chartered Accountancy Studies and a Master of Accounting degree from The University of Waterloo. Mr. Balota will report to Madhu Ranganathan, the Company's Executive Vice President, Chief Financial Officer.

Mr. Balota has entered into an employment letter with the Company with an annual base salary of C$385,000 and eligibility to participate in the Company's compensation and benefit programs in accordance with their terms.

Item 9.01 Financial Statements and Exhibits



(d)  Exhibits

Exhibit No.            Description


101.INS                XBRL instance document - the instance document does not appear in the
                       Interactive Data File because its XBRL tags are embedded within the Inline
                       XBRL document.
101.SCH                Inline XBRL taxonomy extension schema.
101.DEF                Inline XBRL taxonomy extension definition linkbase.
101.LAB                Inline XBRL taxonomy extension label linkbase.
101.PRE                Inline XBRL taxonomy extension presentation.
104                    Cover Page Interactive Data File (embedded within the Inline XBRL document)

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses